NXP Semiconductors Sees Unusually Large Options Volume (NXPI)
Shares of NXP Semiconductors (NASDAQ:NXPI) were the target of some unusual options trading on Wednesday. Stock traders purchased 7,508 put options on the company, Analyst Ratings Net reports. This is an increase of approximately 979% compared to the typical daily volume of 696 put options.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of NXP Semiconductors from $48.00 to $50.00 in a research note to investors on Tuesday, January 14th. They now have a “positive” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of NXP Semiconductors from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $44.00 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of NXP Semiconductors in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.98.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Thursday, February 6th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.95 by $0.45.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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